Disclosure, Disclosure, Disclosure — What Exactly Do I Need in Writing to “Protect” Myself?
Posted on 19. Mar, 2010 by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short Sales
(No Ratings Yet)Disclosure is the number one thing that real estate investors and licensed real estate agents have to do in today’s real estate climate. When you are sitting with a seller or talking to them on the phone you have to make sure you are crystal clear on what you want to accomplish. If you are an investor “tell them” you are an investor, if you are looking to assign a contract that you have on their house “tell them”, if you want to do a short sale flip “tell them”, well you get the point! Disclose everything! On this week’s Friday Coffee Break we not only cover the proper disclosures that you need sign but we also cover what kind of language is considered “too vague” on a short sale acceptance letter, how to renegotiate a lower offer after you have already gotten a short sale acceptance letter, the important steps you need to take when you reselling a property to an FHA buyer so you DON’T screw up your deal, a clarification on the HAFA program and what investors the program covers and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.
Interested in attending our Short Sale Bootcamp in Orlando, FL on March 25-28th? Click here to learn more.
marilu bailon
19. Mar, 2010
I do have a question regarding, short sales,
I been doign a lot negotiations i been having problems with 2nd lenders to release the lien in orde to closed the deals, the 2nd lenders been selling this accounts to diferents companies, please help me how can we get this files approved.
Thanks
Ron
09. Apr, 2010
Hi Pat, remember me, you read my letter on a coffee break. Took your advice and signed up.
I’m so frigging mad. I missed the call in last night. I could kick my own ass. Will this be listed in the back room of MMSS? Is there any way I can hear it like now.